EY Benefits Specialist (Pension) in Secaucus, New Jersey
EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities. At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.
Location: New York, Secaucus, Philadelphia, Boston
Everything we do for our clients comes down to having the right business and technical knowledge and experience for every occasion. Naturally, there's plenty going on behind the scenes to make that happen, and our colleagues across the business look to our Talent team to guarantee that everything runs seamlessly. Talent is at the center of our ongoing strategy. We're focused on developing teams who will support us in building a better working world.
The benefits team is responsible for administering the firm’s defined contribution plan, defined benefit plan, disability insurance, and health, dental, legal, long-term care, and life insurance plans in compliance with state and federal regulations. You’ll assist in day-to-day pension plan administration.
Your key responsibilities
As a Benefits Specialist, Senior Associate, you’ll be responsible for researching and responding to questions from partners and employees regarding interpretation of retirement benefit plans, including eligibility, vesting and benefit calculations. You will process monthly reconciliation of pension payments and prepare banking wires required for benefit payments. You’ll respond to qualified domestic relations orders and work with plan actuaries to prepare calculations. You will be responsible for compliance of retirement benefit administration with federal law, including IRS and Department of Labor regulation. You’ll respond to administrative and policy questions as needed.
Skills and attributes for success
Ability to support the annual retirement plan audit process
Support the process to locate missing and unresponsive participants
Manage the processing of appeals
Provide vendors with the appropriate documentation for retirement plan inquires
Maintain vendor contact to investigate discrepancies and provide information in non-routine situations
Assist with the review of plan documents and summary plan descriptions, including nonqualified executive pension program
Develop and maintain a strong working knowledge of the administration, design, database technical specifications, and financial aspects of retirement benefit programs
Ability to identify legal requirements and government reporting regulations affecting retirement benefit functions and responsible for policies, procedures, and program compliance
Ability to demonstrate understanding and application of principles and practices of a specific professional discipline
To qualify for the role, you must have
Broad decision-making ability for the activities and projects within scope of responsibilities
Ability to communicate effectively and develop positive working relationships with both internal teams and external vendors
Adept at exercising strong judgement, set priorities, organize, implement, and administer effectively in all areas of accountability
Excellent computer skills, especially spreadsheets, databases, word processing and vendor software systems
Demonstrated maturity in dealing with different level of employees in a fast-paced environment and the ability to maintain confidentiality of all employee details
Bachelor’s degree or equivalent work experience
Approximately 2-4 years related experience
Ideally, you'll also have
Knowledge of and ability to use HRIS systems and other various computer software packages
Strong customer service skills and attention to detail
Knowledge and understanding of applicable federal, state and local laws pertaining to benefits administration
Certified Employee Benefits Specialist (CEBS) certification
What we look for
We're interested in influencers with a broad and extensive knowledge of HR processes. You'll need to be comfortable questioning ideas, processes, and senior colleagues — all while overseeing multiple projects or employee issues. If you have a genuine passion for talent management and the confidence to take on new responsibilities proactively to stay ahead of demand, this role is for you.
What we offer
We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The salary range for this job in most geographic locations in the US is $61500 to $108300. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $73800 to $123100. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.
If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
The exceptional EY experience. It’s yours to build.
EY | Building a better working world
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY is an equal opportunity, affirmative action employer providing equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law.
EY is committed to providing reasonable accommodation to individuals with disabilities. If you are a qualified individual with a disability and either need assistance applying online or need to request an accommodation during the interview process, please call 1-800-EY-HELP3, type Option 2 (HR-related inquiries) and then type Option 1 (HR Shared Services Center), which will route you to EY’s Talent Shared Services Team or email SSC Customer Support at email@example.com .